GRMS

Supplier Risk Assessments


About GRMS


Global Enterprise-Wide Supplier Risk Assessment Service

GRMS leverages an advanced technology platform to provide a risk assessment service that provides customizable programs globally. GRMS offers companies the ability to proactively manage and continuously monitor suppliers. GRMS is different than data only providers like D&B, Thompson Reuters, and others that just provide raw data. GRMS’ services include the adjudication of data, physical review of documents and a support system that assists suppliers to obtain compliance with a client’s risk assessment requirements.


GRMS Risk Modules


GRMS has created eight primary modules that are comprised of a subset of risk components targeting key areas of supplier risk. Each client can select the modules and/or components which best meets their needs based on factors such as geography, risk and spend.


DIGITAL INSURANCE VERIFICATION


GRMS has created dynamic data integrations between our Veritas platform and the leading Agency Management Systems (AMS) which are directly integrated with the insurance carrier’s databases eliminating the need to request a Certificate of Insurance (COI).

Using this technology, GRMS digitally requests insurance verification data directly from the supplier’s agent. The verification is done in real time and compared against GRMS’ client requirements. This integration continuously monitors the carrier’s databases for any changes or updates and if detected, will update the supplier’s risk assessment instantly.

Learn more:
https://www.globalrms.com/insurance


HEALTH AND SAFETY


GRMS along with a team of safety professionals, have created a comprehensive HSE program that is significantly less expensive and much easier to complete than the Avetta and ISNetworld programs. This new program enhances our existing enterprise-wide supplier risk assessment programs which include Digital Insurance Verification (DIV) and financial stability assessments.

Learn more:
https://www.globalrms.com/hse


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